The COVID Project
The record
- Jurisdiction
- Alaska
- Level
- Sector regulator
- Authority
- AS 21.06.080(d) (director's emergency authority)
- Issued
- 2020-03-18 Mar. 18, 2020
- Effective
- 2020-03-18
- End
- 2020-06-01 ('This bulletin remains in effect until June 1, 2020') (read as 2020-06-01)
- In force
- Mar. 18, 2020 to June 1, 2020
- Quarters
- 2020 Q2
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- all insurers authorized to transact insurance in Alaska
- Functions reached
- IN insurance (cancellation and collection)
- SV servicing and collections
- Collection
- Alaska AK
Operative words
The Alaska Division of Insurance (DOI) prohibits carriers from terminating insurance contracts due to non-payment.... The extension of the grace period does not eliminate the obligation to pay the premium, but limits policy cancellation for late payment. Carriers are encouraged to work with policyholders in the collection of premiums and to waive all late fees.
Enforcement
Regulatory guidance with the force of the director's emergency authority under AS 21.06.080(d)